Rs 3,249.540 Million Allocated For 13 Petroleum Sector Projects In PSDP 2021-22
Fahad Shabbir (@FahadShabbir) Published June 11, 2021 | 05:00 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 11th Jun, 2021 ) :The government on Friday allocated an amount of Rs 3,249.540 million in the Public Sector Development Programme (PSDP 2021-22) to execute seven ongoing and six new petroleum sector projects aimed at accelerating oil and gas exploration activities and achieving self-sufficiency in the energy sector.
According to the PSDP document, funds amounting to Rs 1,473.683 million have been earmarked for seven ongoing schemes, out of which Rs 263 million have been kept for establishment of National Minerals Data Centre (NMDC), Rs 345.321 for Expansion and Up-gradation of Pakistan Petroleum Core House (PETCORE), Rs 30 million for Geological Mapping on 50 Toposheets, out of 354 unmapped Toposheets of Outcrop Area of Balochistan Province, Rs 385.336 million for strengthening and up-gradation of Karachi Laboratories Complex (KLC) at HDIP Operations Office, Karachi, Rs 76.580 million for supply of 13.5 MMCFD gas at Doorstep (Zero Point) of Dhabeji Special Economic Zone (SEZ) Sindh, Rs 230 million for supply of 30 MMCFD gas at Doorstep (Zero Point) of Rashakai Special Economic Zone (SEZ) and Rs143.446 million for up-gradation of POL testing facilities of HDIP at Islamabad, Lahore, Multan, Peshawar, Quetta and ISO Certification of Petroleum Testing Laboratory at Islamabad.
For six new schemes, the government has earmarked Rs1,775.857 in the PSDP, out of which Rs40 million would be spent on development of Strategic Underground Gas Storage (SUGS) � hiring of consultancy services for Bankable feasibility study and transaction advisory services (PC-II), Rs30 million have been specified for Legal Consultancy Services for drafting of Model Mineral Agreement and updating of Regulatory Framework (Federal and Provincial Minerals/Coal Departments) prepared by Mineral Wing, Petroleum Division, Rs40 million for Pakistan National Research Programme on Geological Hazards (Earthquakes and Landslides) - Data Acquisition along Active Faults and Identification of Potential Landslides Hotspot Zones, Rs73.447 million for supply of 10 MMCFD RLNG to Bostan Special Economic Zone, Rs149.410 million for supply of 13 MMCFD RLNG to Bin Qasim Industrial Park and Rs785 million for supply of 40 MMCFD gas/RLNG to Allama Iqbal Industrial City Special Economic Zone (SEZ), Faisalabad.
Related Topics
Recent Stories
Nazish Jahangir denies viral screenshots, calls them fake
Govt likely to hike electricity price once again
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
More Stories From Business
-
Govt likely to hike electricity price once again
1 hour ago -
Mining giant BHP launches bid to take over rival Anglo American
2 hours ago -
Gold rates up by Rs500 per tola to Rs242,500
3 hours ago -
Tokyo stocks end lower after Meta results
3 hours ago -
EXCHANGE RATES FOR CURRENCY NOTES
4 hours ago -
Foreign exchange rates
5 hours ago
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
6 hours ago -
Today Gold Rate in Pakistan 25 April 2024
7 hours ago -
Meta profits soar but costs of AI cause worry
7 hours ago -
Mired in crisis, Boeing reports another loss
16 hours ago -
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
16 hours ago -
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakistanis in Islamabad
16 hours ago